Tue Apr 29 02:00:00 UTC 2025: ## Gold Prices May Plunge to ₹70,000: Experts Predict Sharp Drop Amidst High Demand for Gold ETFs
**Mumbai, April 26, 2025** – Gold prices, currently soaring to record highs in India, may experience a significant downturn in the coming year, according to Solidcore Resources PLC, a major gold mining company. The firm predicts a drop in international gold prices to $2500 per ounce from the current $3300+, potentially pushing Indian prices down to ₹70,000 per 10 grams – a decrease of approximately ₹27,000 from current levels. This prediction hinges on easing trade tensions between the US and China.
Despite the high price, the past decade has shown strong returns for Akshaya Tritiya gold purchases, with a threefold increase in value observed between 2014 and 2025. However, the current high prices are impacting demand, with buyers opting for smaller quantities. Jewellers report a significant decrease in orders compared to previous years.
The recent surge in gold prices, exceeding ₹98,400 per 10 grams, is attributed to various factors, including US-China trade tensions, geopolitical instability, and the US Federal Reserve’s monetary policies. Experts believe that continued trade tensions could push prices beyond ₹100,000 per 10 grams within a year.
The uncertainty surrounding gold prices is driving investors towards Gold ETFs (Exchange Traded Funds). Investment in Gold ETFs saw a remarkable 98.54% year-on-year increase in February 2025, reaching ₹1,979.84 crore, according to ICRA Analytics.
Anuj Gupta, Head of Commodities and Currency at HDFC, advises investors to adopt a long-term investment strategy in light of the predicted price volatility, suggesting Gold ETFs and digital gold as viable options for smaller investments.
First Piper 